SB1830

SB1830 amends the Property Tax Code to redefine real property in Illinois, excluding certain portable buildings.

SB1830 amends the Property Tax Code to redefine real property in Illinois. It specifies that buildings or structures not affixed to or installed on a permanent foundation or connected to utilities for year-round occupancy are not considered real property. This change applies to portable sheds, garages, or other outbuildings. However, mobile homes and manufactured homes located outside of mobile home parks are still considered real property and are taxed accordingly. The bill also addresses the taxation of spent fuel pools and dry cask storage systems in decommissioned nuclear power plants.